Urban Partners, through Nordic Strategies Fund V, has entered a joint venture with Genova Property Group relating to the first phase of the Viby urban development project in Upplands-Bro, north of Stockholm. The underlying property value of the first phase amounts to approximately €33.5 million ($38.4 million).
The joint venture builds on an established partnership between the companies, which will each hold a 50 percent ownership stake in the project. The first phase comprises the delivery of around 300 residential units as well as service and public functions, corresponding to approximately 40,000 square meters (430,600 square feet) of gross floor area (GFA). The project forms part of a larger development totaling approximately 850 residential units.
“This latest project in Viby marks further progression of our partnership with Genova, with strong potential to unlock the area’s full value through active development and close collaboration. It reflects our long-
